UniCredit Foundation will support 70 000 € the social entrepreneurship program organized by BCNL

UniCredit Foundation
will be among the organizers of the program for social entrepreneurship for
non-profit organizations for 2013 – 2014. For the third year the contest,
organized by Bulgarian Center for Not-For-Profit Law (BCNL) in cooperation with
the Foundation PACEL aims to gather and honor the best business plans, prepared
by foundations and associations.

According to the
signed agreement of cooperation between UniCredit Foundation and BCNL both
organizations will collaborate over the next three years to stimulate business
thinking among the non-profit sector. As a part of the partnership UniCredit
Foundation will provide half of the prize of the contest in amount of 30 000
lv. to 2016, and experts from UniCredit Bulbank will be involved in trainings
under the program. The program is supported by “America for Bulgaria”
Foundation.

All representatives of
the non-profit sector are allowed to apply to this year`s contest to 28`th of
June 2013. The requirements could be found on BCNL website: www.bcnl.org
.The best offers for starting a new business, related to their own mission,
worked out by non-profit organizations will receive a cash prize from the prize
fund of the contest to use it as an initial investment.

„BCNL`s program for social entrepreneurship aims
to support NGOs to develop business initiatives which could help them to
achieve their missions. In this way organizations receive funds that
support vulnerable groups or causes that defend. According to us investment in
good business ideas guarantees long-term sustainability and financial
independence of NGOs” explains
Luben Panov – program director of BCNL.

“UniCredit Foundation supports the development of the concept of social
entrepreneurship for several reasons. Firstly, we think this is a very good way
for foundations to ensure a part of their funding while working for their
causes at the same time” said Maurizio Carrara, Chairman of UniCredit
Foundation. He explained that social entrepreneurship focuses on natural propensity
of companies to be economically and financially stable, producing goods and
services for the society while providing employment.

“We highly appreciate the fact that UniCredit Foundation selects
Bulgarian projects to donate. So far, it has invested nearly 800 000 lv. in
Bulgaria and we believe that the success of the projects in resolving important
social needs will attract more donations from the Foundation. Social
entrepreneurship is one of the most important world tendencies particularly in
connection with the crisis and by the Bulgarian Center for Not-for-profit Law
and UniCredit Foundation we want to give one more tool in the hands of
ambitious and business thinking Bulgarians to implement sustainable projects
over time” said Levon Hampartsumian , CEO and Chairman of the Management
Board of Bulbank.

He reminded that in
America NGO sector is no longer reliant on donations and donors and this way of
working is history. According to “Idealist” in 2007 about 67% of income of NGOs
are provided by activities in social entrepreneurship.

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